XML 101 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
BUSINESS SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
  
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
(In millions)
2015
 
2014
 
2015
 
2014
 
Revenues:
 
 
 
 
 
 
 
 
Aflac Japan:
 
 
 
 
 
 
 
 
   Net earned premiums
$
2,980

 
$
3,534

 
$
9,036

 
$
10,672

 
   Net investment income
606

 
676

 
1,824

 
2,019

 
   Other income
8

 
9

 
23

 
25

 
               Total Aflac Japan
3,594

 
4,219

 
10,883

 
12,716

 
Aflac U.S.:
 
 
 
 
 
 
 
 
   Net earned premiums
1,345

 
1,306

 
4,016

 
3,910

 
   Net investment income
173

 
162

 
507

 
484

 
   Other income
2

 
0

 
6

 
2

 
               Total Aflac U.S.
1,520

 
1,468

 
4,529

 
4,396

 
Other business segments
67

 
11

 
159

 
29

 
               Total business segment revenues
5,181

 
5,698

 
15,571

 
17,141

 
Realized investment gains (losses) (1)
(136
)
 
6

 
(36
)
 
42

 
Corporate
73

 
43

 
242

 
194

 
Intercompany eliminations
(51
)
 
(38
)
 
(185
)
 
(170
)
 
Other non-operating income (loss)
(27
)
(2) 
27

 
(39
)
(2) 
7

 
           Total revenues
$
5,040

 
$
5,736

 
$
15,553

 
$
17,214

 
(1) Excluding a gain of $22 and $10 for the three-month periods and $62 and $30 for the nine-month periods ended September 30, 2015, and 2014, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations
(2) Includes a loss of $14 for the three- and nine-month periods ended September 30, 2015, related to the change in value of yen repatriation received in advance of settlement of certain foreign currency derivatives. This loss was offset by derivative gains included in realized investment gains (losses).
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
  
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
(In millions)
2015
 
2014
 
2015
 
2014
 
Pretax earnings:
 
 
 
 
 
 
 
 
Aflac Japan
$
789

 
$
828

 
$
2,365

 
$
2,688

 
Aflac U.S.
286

 
269

 
864

 
872

 
Other business segments
5

 
0

 
10

 
0

 
    Total business segment pretax operating earnings
1,080

 
1,097

 
3,239

 
3,560

 
Interest expense, noninsurance operations
(30
)
 
(49
)
 
(117
)
 
(150
)
 
Corporate and eliminations
(23
)
 
(7
)
 
(64
)
 
(43
)
 
    Pretax operating earnings
1,027

 
1,041

 
3,058

 
3,367

 
Realized investment gains (losses) (1)
(136
)
 
6

 
(36
)
 
42

 
Other non-operating income (loss)
(27
)
(2) 
27

 
(270
)
(2),(3) 
7

 
    Total earnings before income taxes
$
864

 
$
1,074

 
$
2,752

 
$
3,416

 
Income taxes applicable to pretax operating earnings
$
355

 
$
356

 
$
1,057

 
$
1,151

 
Effect of foreign currency translation on operating earnings
(58
)
 
(19
)
 
(175
)
 
(80
)
 

(1) Excluding a gain of $22 and $10 for the three-month periods and $62 and $30 for the nine-month periods ended September 30, 2015, and 2014, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations
(2) Includes a loss of $14 for the three- and nine-month periods ended September 30, 2015, related to the change in value of yen repatriation received in advance of settlement of certain foreign currency derivatives. This loss was offset by derivative gains included in realized investment gains (losses).
(3) Includes a cash outflow of $230 for the make-whole payment associated with the early extinguishment of debt
Reconciliation of Assets from Segment to Consolidated
Assets were as follows:
(In millions)
September 30,
2015
 
December 31,
2014
Assets:
 
 
 
 
 
 
 
Aflac Japan
 
$
97,158

 
 
 
$
98,525

 
Aflac U.S.
 
18,687

 
 
 
18,383

 
Other business segments
 
176

 
 
 
128

 
    Total business segment assets
 
116,021

 
 
 
117,036

 
Corporate
 
22,676

 
 
 
24,636

 
Intercompany eliminations
 
(21,242
)
 
 
 
(21,905
)
 
    Total assets
 
$
117,455

 
 
 
$
119,767